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Sneaky Ways Credit Card Companies Keep You In Debt

She's On The Money

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How to Consolidate Your Debts

If you have multiple credit cards with high interest rates, debt consolidation is something you could consider looking at. It rolls all of those debts together and usually gives you a lower interest rate so you can pay it off with less interest going to be incurred over the long term. I do think it can be a little bit of a trap for some people too if you see, consolidate to this particular credit card and you'll get 0% interest for the first six months unless you can actually pay that debt off in six months.

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